Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits). He defines ROC (Joel Greenblatt) % as EBIT divided by the total of Property, Plant and Equipment and net working capital. GOPD Zartkoruen Mukodo Reszvenytarsasag's annualized ROC (Joel Greenblatt) % for the quarter that ended in Dec. 2025 was 8.75%.
BUD:GOPD'
s ROC (Joel Greenblatt) % Range Over the Past 10 Years
Min: -1.98 Med: 4.65 Max: 413798.02
Current: 5.31
During the past 8 years, GOPD Zartkoruen Mukodo Reszvenytarsasag's highest ROC (Joel Greenblatt) % was 413798.02%. The lowest was -1.98%. And the median was 4.65%.
BUD:GOPD's ROC (Joel Greenblatt) % is ranked worse than 64.7% of 1748
companies
in the Real Estate industry
Industry Median: 12.85
vs BUD:GOPD: 5.31
The way Joel Greenblatt defines Return on Capital is a more accurate measure of how efficiently the company generates returns onthe capital actually invested in the business. EBIT is used instead of net income because the tax and interest payment may be affected by factors other than the core business operation. Intangible assets are not included in the calculation because they don't need to be replaced.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Real Estate - Development subindustry, GOPD Zartkoruen Mukodo Reszvenytarsasag's ROC (Joel Greenblatt) %, along with its competitors' market caps and ROC (Joel Greenblatt) % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
GOPD Zartkoruen Mukodo Reszvenytarsasag ROC (Joel Greenblatt) % vs Real Estate Industry
For the Real Estate industry and Real Estate sector, GOPD Zartkoruen Mukodo Reszvenytarsasag's ROC (Joel Greenblatt) % distribution charts can be found below:
* The bar in red indicates where GOPD Zartkoruen Mukodo Reszvenytarsasag's ROC (Joel Greenblatt) % falls into.
Joel Greenblatt defined Return on Capital differently in his book The Little Book That Still Beats the Market (Little Books. Big Profits) . He defines Return on Capital as follows:
EBIT stands for Earnings Before Interest and Taxes.
Fixed Assets are also known as non-current assets. They include the Property, Plant and Equipment that the firm needs in its operation.
GuruFocus calculates net working capital as: (Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Deferred Revenue + Other Current Liabilities). We're trying to account for OPERATING assets and liabilities (part of daily business) when calculating working capital. Cash and marketable securities are considered NON-OPERATING assets and are not included in calculation. We will also back out all interest bearing debt, short term debt and the portion of long term debt that is due in the current period from the current liabilities. This debt will be considered when computing cost of capital and it would be inappropriate to count it twice.
Note:
The EBIT data used here is two times the semi-annual (Dec. 2025) EBIT data.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
What does a ROC (Joel Greenblatt) % of 8.75% mean?
GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) has a ROC (Joel Greenblatt) % of 8.75% as of Dec. 2025. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GOPD Zartkoruen Mukodo Reszvenytarsasag and its competitors. This is 88% above median its historical median of 4.65. According to the industry distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1131 out of 1748 companies in the Real Estate industry, placing it in the top 64.7%.
Is GOPD Zartkoruen Mukodo Reszvenytarsasag's ROC (Joel Greenblatt) % too high?
GOPD Zartkoruen Mukodo Reszvenytarsasag's current ROC (Joel Greenblatt) % of 8.75% is 88% above median its 10-year median of 4.65. The Real Estate industry median ROC (Joel Greenblatt) % is 12.85. GOPD Zartkoruen Mukodo Reszvenytarsasag's value of 8.75% is 31.9% below this industry median. Based on the distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1131 out of 1748 companies in the Real Estate industry, which is below the industry midpoint. Overall, GOPD Zartkoruen Mukodo Reszvenytarsasag has a GF Score™ of 33/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does GOPD Zartkoruen Mukodo Reszvenytarsasag's ROC (Joel Greenblatt) % compare to competitors?
According to the Real Estate industry distribution chart, GOPD Zartkoruen Mukodo Reszvenytarsasag ranks #1131 out of 1748 companies for ROC (Joel Greenblatt) %. This places GOPD Zartkoruen Mukodo Reszvenytarsasag in the lower half of its industry. The industry median ROC (Joel Greenblatt) % is 12.85. GOPD Zartkoruen Mukodo Reszvenytarsasag's value of 8.75% is 31.9% below this benchmark. While the company's 10-year median is 4.65 vs. the industry median of 12.85, GOPD Zartkoruen Mukodo Reszvenytarsasag has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROC (Joel Greenblatt) % for a Real Estate company?
The median ROC (Joel Greenblatt) % among Real Estate companies is 12.85, based on 1,748 companies in the industry. Companies in the top quartile (top 25%) have a ROC (Joel Greenblatt) % significantly above this median, while those in the bottom quartile fall well below. However, ROC (Joel Greenblatt) % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. GOPD Zartkoruen Mukodo Reszvenytarsasag's current ROC (Joel Greenblatt) % of 8.75% is 31.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROC (Joel Greenblatt) % mean?
A high ROC (Joel Greenblatt) % can signal that a stock is expensive relative to its fundamentals. Joel Greenblatt's return on capital is the ratio of EBIT to average fixed assets and net working capital. View historical data on GOPD Zartkoruen Mukodo Reszvenytarsasag and its competitors. For the Real Estate industry, the median ROC (Joel Greenblatt) % is 12.85 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. GOPD Zartkoruen Mukodo Reszvenytarsasag's current ROC (Joel Greenblatt) % is 8.75%, which is 88% above median its own 10-year median of 4.65. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is GOPD Zartkoruen Mukodo Reszvenytarsasag stock overvalued right now?
Based on GuruFocus' analysis, GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) is currently considered Fairly Valued. The stock's GF Value™ is Ft7,877.12, compared to a current price of Ft7,750.00 — trading 1.6% below its estimated fair value. The current ROC (Joel Greenblatt) % is 8.75%, which is 88% above median its 10-year median of 4.65 and 31.9% below the Real Estate industry median of 12.85. GOPD Zartkoruen Mukodo Reszvenytarsasag's overall GF Score™ is 33/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROC (Joel Greenblatt) % calculated?
ROC (Joel Greenblatt) % is calculated from a company's financial statements. For GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD), the current ROC (Joel Greenblatt) % is 8.75% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is GOPD Zartkoruen Mukodo Reszvenytarsasag (BUD:GOPD) Overvalued in 2026?
Based on GuruFocus' analysis, GOPD Zartkoruen Mukodo Reszvenytarsasag stock appears to be undervalued.
The current stock price of Ft7,750.00 is trading 1.6% below its estimated GF Value™ of Ft7,877.12.
GuruFocus considers GOPD Zartkoruen Mukodo Reszvenytarsasag to be Fairly Valued.
Key valuation signals for BUD:GOPD:
ROC (Joel Greenblatt) %: 8.75% (88% above median its 10-year median of 4.65)
GF Value™: Ft7,877.12 vs. price of Ft7,750.00 (1.6% below fair value)
Industry Position: 31.9% below the Real Estate median (#1131 of 1748)
No single metric tells the full story. See the BUD:GOPD stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
GOPD Zartkoruen Mukodo Reszvenytarsasag Business Description
GOPD Zartkoruen Mukodo Reszvenytarsasag is a Hungary based company engaged in property development. The projects of the company include flats in Zuglo and Angyalfold and a residential complex with apartments in Zuglo.
33GF Score
Get the complete analysis for BUD:GOPD
ROC (Joel Greenblatt) % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
BUD:GOPD has been successfully added to your 
